Destra Multi-Alternative Fund (NYSE:DMA) Shares Shorted: Short Interest Down 73.5% in October

Destra Multi-Alternative Fund (NYSE:DMA) was the target of a significant decrease in short interest during the month of October. As of October 30th, there was short interest totaling 4,929 shares, a decrease of 73.5% from the October 15th total of 18,582 shares. Based on an average daily volume of 31,008 shares, the days-to-cover ratio is currently 0.2 days.

Destra Multi-Alternative Fund Trading Up 0.5%

NYSE:DMA traded up $0.04 during mid-day trading on Friday, hitting $6.99. The company had a trading volume of 37,095 shares, compared to its average volume of 25,277. Destra Multi-Alternative Fund has a fifty-two week low of $6.94 and a fifty-two week high of $9.15. The business’s fifty day moving average is $7.34 and its two-hundred day moving average is $7.71.

Destra Multi-Alternative Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Friday, December 18th will be paid a $0.1150 dividend. The ex-dividend date of this dividend is Friday, December 18th. This represents a $1.38 dividend on an annualized basis and a dividend yield of 19.8%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of DMA. Atlas Wealth LLC grew its holdings in Destra Multi-Alternative Fund by 12.5% during the third quarter. Atlas Wealth LLC now owns 1,224,799 shares of the company’s stock valued at $9,235,000 after purchasing an additional 135,637 shares during the period. Blue Bell Private Wealth Management LLC increased its stake in Destra Multi-Alternative Fund by 5.3% in the third quarter. Blue Bell Private Wealth Management LLC now owns 275,344 shares of the company’s stock valued at $2,076,000 after purchasing an additional 13,755 shares in the last quarter. Chicago Partners Investment Group LLC increased its stake in Destra Multi-Alternative Fund by 28.4% in the third quarter. Chicago Partners Investment Group LLC now owns 39,973 shares of the company’s stock valued at $283,000 after purchasing an additional 8,833 shares in the last quarter. E6 Portfolios LLC raised its holdings in Destra Multi-Alternative Fund by 110.1% in the third quarter. E6 Portfolios LLC now owns 34,737 shares of the company’s stock worth $262,000 after purchasing an additional 18,203 shares during the period. Finally, Weaver Consulting Group acquired a new stake in Destra Multi-Alternative Fund in the third quarter worth $79,000.

Destra Multi-Alternative Fund Company Profile

Destra Multi-Alternative Fund is a closed-end investment fund listed on the New York Stock Exchange. Rather than operating a business that sells products or services, it seeks to provide investors with exposure to alternative investment strategies through a managed portfolio. The fund invests in alternative investment vehicles and strategies, which may include private markets and other assets that are less commonly held in traditional stock-and-bond portfolios. Its holdings and allocations can change over time.